Santee Cooper - Smart Energy Loan Program (South Carolina)

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search


Last modified on February 12, 2015.

Financial Incentive Program

Place South Carolina

Name Santee Cooper - Good Cents Energy Efficiency Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Heat pumps, Water Heaters, Windows, Heat Pump Water Heaters
Active Incentive Yes

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount Energy Efficient Improvement: $500 - $20,000

Renewable Energy Resource: up to $40,000

Maximum Incentive Energy Efficient Improvements: 20,000
Renewable Energy Resource Loans: 40,000

Terms Vary – Check website (currently at 1.250%)

Energy Efficiency Improvements: up to 60 months
Renewable Energy Resource: up to 120 months

Program Administrator Santee Cooper
Date added to DSIRE 2006-08-22
Last DSIRE Review 2013-02-21

References DSIRE[1]


Santee Cooper provides low interest loans to residential customers to improve the efficiency of homes through the Smart Energy loan program. Customers can apply for energy efficient improvement loans ranging from $500 to $20,000 with up to 60-months to repay loans over $1,000. Renewable energy resource loans are also available up to $40,000, with up to 120-months to repay the balance. These loans require no down payment. Combined maximum outstanding loans per customer cannot exceed $40,000.

To qualify for the loan, customers must first schedule a free energy audit with Santee Cooper. The Santee Cooper representative will recommend the most cost effective conservation measures needed for the home. Prior to passing a credit check, customers must complete a loan application for either a Renewable Energy Resource Loan or an Energy Efficiency Loan.

Incentive Contact

Contact Name Energy Support Services
Department Santee Cooper

Address 305A Gardner Lacy Road

Place Myrtle Beach, South Carolina
Zip/Postal Code 29579
Phone (843) 761-8000

Fax (843) 347-8781

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"